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Email this12:02 pm
December 20, 2019
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Here are the latest rate changes from Meridian
Take control of your finances with the latest information on changes to Meridian’s posted rates.
The following rates are changing as of Wednesday, March 29:
3 Year Fixed Closed Mortgage Special
Current Rate: 5.89%
New Rate: 5.19%
5 Year Fixed Closed High Ratio Mortgage Special
Current Rate: 4.79%
New Rate: 4.59%
18 Month Non-Redeemable GIC
Current Rate: 4.80%
New Rate: 4.75%
1 Year U.S. Long Term GIC - Non-Redeemable
Current Rate: 2.30%
New Rate: 4.00%
2 Year U.S. Long Term GIC - Non-Redeemable
Current Rate: 2.75%
New Rate: 4.00%
3 Year U.S. Long Term GIC - Non-Redeemable
Current Rate: 3.00%
New Rate: 4.00%
4 Year U.S. Long Term GIC - Non-Redeemable
Current Rate: 3.25%
New Rate: 4.00%
5 Year U.S. Long Term GIC - Non-Redeemable
Current Rate: 3.50%
New Rate: 4.00%
30d U.S. Short Term GIC - Redeemable
Current Rate: 0.40%
New Rate: 2.80%
60d U.S. Short Term GIC - Redeemable
Current Rate: 0.40%
New Rate: 2.90%
90d U.S. Short Term GIC - Redeemable
Current Rate: 0.75%
New Rate: 3.00%
180d U.S. Short Term GIC - Redeemable
Current Rate: 1.00%
New Rate: 3.20%
270d U.S. Short Term GIC - Redeemable
Current Rate: 1.50%
New Rate: 3.35%
Notice what all the US accounts are doing?
Anyone else think banks/credit unions might want us to help prop up the US dollar or banking system?
Why else would there be such a significant rate change?
12:56 pm
November 3, 2022
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KamWest said
...Why else would there be such a significant rate change?
The US Fed raised interest rates last week. And they are likely to keep doing so. This probably explains the rate changes on US GICs.
Royal Bank also raised its US ISA rates by 25 basis points today.
2:42 pm
September 29, 2017
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Rail Baron said
The US Fed raised interest rates last week. And they are likely to keep doing so. This probably explains the rate changes on US GICs.
Royal Bank also raised its US ISA rates by 25 basis points today.
Like I have written elsewhere, the FED and Bank of Canada ALWAYS follow the respective short-term bond markets....100%.... THis last increase by the Fed was their final catchup. BOnd market has spoken... rates have come down. Fed will eventually follow.
2:44 pm
December 20, 2019
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Some of the rates went up by over 2%
I don't think 25 basis points should make that much of a difference, nobody thinks its even a bit strange?
5:33 pm
April 6, 2013
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Perhaps some members starting asking why they could get much better rates with RBC Royal Bank US$ GIC's:
| US$ GIC |
Current | New | Current RBC |
| 1 Year | 2.30% | 4.00% | 3.00% |
| 2 Year | 2.75% | 4.00% | 3.50 |
| 3 Year | 3.00% | 4.00% | 3.70 |
| 4 Year | 3.25% | 4.00% | 4.00 |
| 5 Year | 3.50% | 4.00% | 4.30 |
3:16 pm
March 5, 2018
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Note that RBC has a Bonus Promotion on the USD GIC 1 Yr and 2 Yr. I got that last week. They said it's been on for a while, but you have to call in to get it since it is not shown on their website or when you go online into your account to buy a GIC. I had a general question and called in, and was pleasantly surprised when the Rep revealed this.
1 Yr 3% published + 1.75% Bonus = 4.75%
2 Yr 3.5% published + 1.5% Bonus = 5.0%
No bonus on the 3, 4 or 5 YR. Those rates are as Norman1 shown above. However they said they'll match rates, so if you find higher elsewhere but prefer to deal with RBC, then just ask.
7:38 pm
April 14, 2021
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Blue said
No bonus on the 3, 4 or 5 YR. Those rates are as Norman1 shown above. However they said they'll match rates, so if you find higher elsewhere but prefer to deal with RBC, then just ask.
I wonder if they will match the 1-yr 5.6% rate offered by SBI
https://ca.statebank/gic
10:39 am
April 14, 2021
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Blue said
Note that RBC has a Bonus Promotion on the USD GIC 1 Yr and 2 Yr. I got that last week. They said it's been on for a while, but you have to call in to get it since it is not shown on their website or when you go online into your account to buy a GIC. I had a general question and called in, and was pleasantly surprised when the Rep revealed this.1 Yr 3% published + 1.75% Bonus = 4.75%
2 Yr 3.5% published + 1.5% Bonus = 5.0%No bonus on the 3, 4 or 5 YR. Those rates are as Norman1 shown above. However they said they'll match rates, so if you find higher elsewhere but prefer to deal with RBC, then just ask.
I called and tried to locate the 1-2yr rates, but the CSR could not confirm either. She quoted me something like 3.8% and could not find any promotion/bonus. Can you say how you found those rates? Got a contact number?
Also, I asked if they would rate-match and she said that she will submit a request to back office and call back within 48 hrs.
Please write your comments in the forum.